Energy from renewable resources—wind, water, the sun, biomass and geothermal energy—is inexhaustible and clean.
Renewable energy products and services constitute a rapidly growing segment of the international marketplace
The costs of technologies to capture that energy are rapidly falling and becoming economically competitive with fossil fuels, while reducing the risk of climate change. Investing in renewable energy creates jobs, fosters economic growth, and improves energy security for countries that lack domestic fossil fuel resources.
Increasing the share of energy from renewable sources can reduce greenhouse gas emissions and local pollution; insulate countries from fuel price volatility; and improve those countries’ balance of payments.
Renewable energy is becoming increasingly cost-competitive.
Some recent scenarios estimate that renewables will contribute more to a low-carbon energy supply by 2050 than nuclear power or fossil fuels using carbon capture and storage.
Hydro, geothermal and bio-energy have long been competitive where resources are available, and wind and solar are also economically attractive in many locations. If supported by strong enabling policies at the public level and robust investment from the private sector, renewable energy could supply a much larger share of the world’s energy by 2035.